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RiverNorth Flex Muniome Fund II (RiverNorth Flex Muniome Fund II) Scaled Net Operating Assets : 0.99 (As of Dec. 2023)


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What is RiverNorth Flex Muniome Fund II Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

RiverNorth Flex Muniome Fund II's operating assets for the quarter that ended in Dec. 2023 was $618.21 Mil. RiverNorth Flex Muniome Fund II's operating liabilities for the quarter that ended in Dec. 2023 was $3.48 Mil. RiverNorth Flex Muniome Fund II's Total Assets for the quarter that ended in Jun. 2023 was $619.87 Mil. Therefore, RiverNorth Flex Muniome Fund II's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was 0.99.

RiverNorth Flex Muniome Fund II Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

RiverNorth Flex Muniome Fund II's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Jun. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(A: Jun. 2023 )
=(Operating Assets (A: Jun. 2023 )-Operating Liabilities (A: Jun. 2023 ))/Total Assets (A: Jun. 2022 )
=(619.874-4.313)/745.463
=0.83

where

Operating Assets(A: Jun. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=619.874 - 0
=619.874

Operating Liabilities(A: Jun. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=246.343 - 242.03 - 0
=4.313

RiverNorth Flex Muniome Fund II's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2023 )
=(Operating Assets (Q: Dec. 2023 )-Operating Liabilities (Q: Dec. 2023 ))/Total Assets (Q: Jun. 2023 )
=(618.214-3.477)/619.874
=0.99

where

Operating Assets(Q: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=618.214 - 0
=618.214

Operating Liabilities(Q: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=242.652 - 239.175 - 0
=3.477

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

RiverNorth Flex Muniome Fund II Scaled Net Operating Assets Related Terms

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RiverNorth Flex Muniome Fund II (RiverNorth Flex Muniome Fund II) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » RiverNorth Flex Muni Income Fund II Inc (NYSE:RFMZ) » Definitions » Scaled Net Operating Assets
Comparable Companies
NAN HIX AWP EDD PFL HPF SCM WHF ARDC MIY BLK BX OSTO:INVE A KKR TSX:BN APO BK AMP XSWX:PGHN LSE:III
Traded in Other Exchanges
N/A
Address
360 S. Rosemary Avenue, Suite 1420, West Palm Beach, FL, USA, 33401
Website
https://www.rivernorth.com
RiverNorth Flex Muni Income Fund II Inc is a diversified, closed-end management investment company. Its primary investment objective is to seek current income exempt from regular U.S. federal income taxes. The fund's secondary investment objective is total return.
Executives
Scott Sprauer officer: Portfolio Manager 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Lisa Bruckert Mougin director C/O RIVERNORTH CAPITAL MANAGEMENT, LLC, 360 S. ROSEMARY AVE., SUITE 1420, WEST PALM BEACH FL 33401
Patrick W. Galley director, officer: President 360 S. ROSEMARY AVE, SUITE 1420, WEST PALM BEACH FL 33401
Robert A Dimella officer: Portfolio Manager 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
John Wayne Hutchens director 360 S. ROSEMARY AVE, SUITE 1420, WEST PALM BEACH FL 33401
Michael Petty officer: Portfolio Manager 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
John J Lawlor officer: Portfolio Manager 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Mackay Shields Llc officer: Sub-Adviser 1345 AVENUE OF THE AMERICAS, 42ND FLOOR, NEW YORK NY 10105
David Dowden officer: Portfolio Manager 1345 AVENUE OF THE AMERICAS, NEW YORK NJ 10105
John M Loffredo officer: Portfolio Manager 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Robert Patrick Burke officer: Portfolio Manager C/O MACKAY SHIELDS LLC, 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Jerry Raio director 360 S. ROSEMARY AVE, SUITE 1420, WEST PALM BEACH FL 33401
Stephen Andrew O'neill other: Portfolio Manager 360 S. ROSEMARY AVE., SUITE 1420, WEST PALM BEACH FL 33401
John S. Oakes director 325 N. LASALLE STREET, SUITE 645, CHICAGO IL 60654
Jonathan M. Mohrhardt officer: Treasurer 325 N. LASALLE STREET, SUITE 645, CHICAGO IL 60654